International Media Watch of news headlines and current affairs reports about Romania

Monday, December 29, 2008

Romanian leu falls through 4 per euro

BUCHAREST, Dec 29 (Reuters) - The Romanian leu weakened beyond a psychological level of 4 per euro on Monday, as investors fretted over the country's economic imbalances and the risk of financial crisis next year.

'There were very few bids, but some foreigners are testing the 4 level, betting on more economic trouble for Romania,' said one dealer with a foreign bank. By 1040 GMT the leu fell as low as 4.0083 per euro , down roughly 1 percent on the day.